Reading Time: 2 minutes Chicago | Reuters — U.S. corn, wheat and soybean futures hit multi-year highs on Thursday as concerns about tightening global grain supplies triggered short-covering and fund-driven buying, analysts said. Nearby Chicago Board of Trade corn futures closed up their daily 25-cent limit (all figures US$). Front-month CBOT wheat rose above $7 a bushel and soybeans […] Read more
Tag Archives Wheat
U.S. grains: Corn highest since 2013
Soy tops US$15, wheat over US$7 on supply fears
CBOT weekly outlook: Futures very likely to remain on upswing
Soyoil driving crop commodity gains
Reading Time: < 1 minute MarketsFarm — As prices rise on the Chicago Board of Trade (CBOT), the opportunity for profit-taking becomes more prevalent. That said, values are very likely to continue increasing overall going into the week of April 26, according to analyst Terry Reilly of Futures International in Chicago. “By the end of this week, I do expect […] Read more
Ontario corn, soybeans hit highs, wheat slides
Markets are now focusing on upcoming North American production
Reading Time: 6 minutes Ontario corn and soybean prices made fresh 52-week highs in early April while elevator wheat bids have dropped 40 cents per bushel from the February peak. Quick look Soybeans: Ontario soybean production is expected to be up in 2021 versus 2020.Corn: Crude oil’s increase is helping to underpin corn price.Wheat: Timely rains will be needed […] Read more
Grain, oilseed exports at strong pace
Reading Time: < 1 minute MarketsFarm — Canadian grain and oilseed exports continue at a strong pace, with movement of canola, wheat and barley all running well ahead of the year-ago pace. Crop-year-to-date exports of Canada’s major grains and oilseeds as of Sunday came in at 37.78 million tonnes, according to Canadian Grain Commission (CGC) data. That’s up by roughly […] Read more
U.S. grains: Soybean futures rise
Wheat eases, corn mixed, traders focused on weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Friday, gaining ground on corn contracts as the market tried to entice farmers to boost acreage of the oilseed despite the yellow grain’s rally to its highest in nearly eight years earlier this week. “The last two weeks all the talk has been about the corn […] Read more
Feed weekly outlook: Prairie grains firm, watching new-crop weather
U.S. corn values supportive
Reading Time: < 1 minute MarketsFarm — Tight barley supplies in Western Canada continue to keep the feed market underpinned, with gains in the U.S. corn market also providing support to grain markets in general. “We’re starting to see a bit of an early weather market in the U.S.,” Allen Pirness of Market Place Commodities in Lethbridge said. Rising corn […] Read more
U.S. grains: Soy, corn rise as funds step in after two losing sessions
Wheat up on 'water deficit' concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday, bouncing back from two days of declines on bargain buying by investment funds and concerns about tight supplies of both commodities, traders said. Wheat futures also firmed, with concerns about dry soils limiting U.S. and European production underpinning prices. Corn and soybean futures […] Read more
CBOT weekly outlook: Focus to shift after USDA’s largely stand-pat WASDE report
Reading Time: 2 minutes MarketsFarm — There was little change in U.S. markets shortly after the release of the latest supply and demand estimates from the U.S. Department of Agriculture (USDA). But that scenario could change for wheat markets, said Steve Georgy, president of Allendale Inc. at McHenry, Ill. “We’ve got to pay attention to how the wheat markets […] Read more
U.S. grains: Corn climbs on exports, ethanol
Dry weather expected to slow U.S. spring wheat seeding; soy steady ahead of WASDE
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed on Thursday on export optimism and positioning ahead of the U.S. Agriculture Department’s monthly supply and demand report, out on Friday, traders said. Wheat gained as frigid temperatures across Europe and the Black Sea region threatened crops. Soybeans were also firmer. The most-active corn contract on the […] Read more
U.S. grains: Soybean futures advance on supply concerns
Traders watch U.S. planting progress, crop weather
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures jumped on Monday on concerns about U.S. supplies dwindling due to strong export demand and smaller-than-expected plantings. The U.S. Department of Agriculture shocked traders last week by reporting that U.S. farmers plan to sow 87.6 million acres with soybeans this spring and 91.1 million acres […] Read more
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